| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.3B | $3.6B | -1.0% | 19.5% |
| Op. Income | $196M | -$88M | -$182M | 324.0% | 207.7% |
| Gross Margin | 27.6% | 26.7% | 25.2% | 0.9pp | 2.4pp |
| Net Margin | 5.4% | -1.9% | -7.4% | 7.3pp | 12.8pp |
| EPS (Diluted) | $1.13 | $-0.39 | $-1.25 | 393.9% | 190.7% |
| Free Cash Flow | $241M | $463M | $67M | -48.0% | 261.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $455M |
| Selling & Marketing | $379M |
| General & Administrative | $144M |
| SG&A Expenses | $523M |
| Other Expenses | $0 |
| Operating Expenses | $977M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $196M |
| Interest Income | $54M |
| Interest Expense | $11M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $36M |
| EBIT | $214M |
| EBITDA | $250M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $455M |
| Selling & Marketing | $379M |
| General & Administrative | $144M |
| SG&A Expenses | $523M |
| Other Expenses | $0 |
| Operating Expenses | $977M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $196M |
| Interest Income | $54M |
| Interest Expense | $11M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $36M |
| EBIT | $214M |
| EBITDA | $250M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $247M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $283M |
| NET CASH FROM FINANCING | $236M |
| FREE CASH FLOW | $241M |
| Net Change in Cash | $394M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $1.4B |
| Net Receivables | $938M |
| Inventory | $0 |
| Other Current Assets | $206M |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $585M |
| Goodwill | $1.4B |
| Intangible Assets | $89M |
| Long-Term Investments | $1.9B |
| Tax Assets | $48M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $840M |
| Short-Term Debt | $0 |
| Deferred Revenue | $745M |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$4.7B |
| Treasury Stock | -$308M |
| Accum. Other Comp. Income | $2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $2.1B |
| Net Debt | -$2.0B |
